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New Port Richey Downtown 6 Land Properties in New Port Richey, FL
Investment Highlights
- Multiple city-owned parcels available, including riverfront sites and commercial frontage along US 19.
- Strong market fundamentals with 250,000+ residents within 30 minutes and 63,000 AADT on US 19.
- Historic downtown charm combined with modern infrastructure and a growing cultural scene.
- Development potential for up to 350 multifamily units with integrated retail and commercial uses.
- Incentives include CRA benefits, $1.6M DEP grant, and existing structured parking with 154 slots.
Executive Summary
The City of New Port Richey invites visionary developers to participate in the transformation of the Rivergate Palm District, a gateway to the city’s historic downtown and a vibrant hub along the Cotee River. This redevelopment initiative offers a rare opportunity to shape a dynamic mixed-use environment that blends residential, retail, and commercial uses within a thriving Community Redevelopment Area (CRA).
Strategically located along U.S. Highway 19, with a traffic count of 63,000 AADT, the district benefits from exceptional visibility and connectivity. The area is supported by strong demographics, with over 250,000 residents within a 30-minute drive and an annual population growth rate of 1.88%. Recent investments, including the Keiser University campus and Comfort Inn, underscore the city’s commitment to growth and revitalization.
The vision for Rivergate Palm District emphasizes walkable urban design, higher-density housing, and modern architectural treatments that complement the historic downtown. Up to 350 multifamily units are envisioned, supported by retail and commercial synergy. City-owned assets include six parcels, two with river frontage, and a structured parking garage with 154 available slots. Incentives such as CRA benefits and a $1.6 million DEP grant for infrastructure improvements further enhance the development potential.
Anchored by major healthcare, education, and government institutions, New Port Richey offers a stable economic base and a growing demand for housing and services. This project represents an unparalleled opportunity to create a vibrant, connected district that elevates the city’s quality of life and economic vitality.
Strategically located along U.S. Highway 19, with a traffic count of 63,000 AADT, the district benefits from exceptional visibility and connectivity. The area is supported by strong demographics, with over 250,000 residents within a 30-minute drive and an annual population growth rate of 1.88%. Recent investments, including the Keiser University campus and Comfort Inn, underscore the city’s commitment to growth and revitalization.
The vision for Rivergate Palm District emphasizes walkable urban design, higher-density housing, and modern architectural treatments that complement the historic downtown. Up to 350 multifamily units are envisioned, supported by retail and commercial synergy. City-owned assets include six parcels, two with river frontage, and a structured parking garage with 154 available slots. Incentives such as CRA benefits and a $1.6 million DEP grant for infrastructure improvements further enhance the development potential.
Anchored by major healthcare, education, and government institutions, New Port Richey offers a stable economic base and a growing demand for housing and services. This project represents an unparalleled opportunity to create a vibrant, connected district that elevates the city’s quality of life and economic vitality.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Land Area | 6.42 AC |
| Number of Properties | 6 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Land Area | 6.42 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 6131 River Rd, New Port Richey, FL 34652 | Land | 2.26 AC | - |
| 6128 US Hwy 19, New Port Richey, FL 34652 | Land | 2.18 AC | - |
| 6218 US Highway 19, New Port Richey, FL 34652 | Land | 1.12 AC | - |
| 5332 Acorn St, New Port Richey, FL 34652 | Land | 0.37 AC | - |
| 5432 Acorn St, New Port Richey, FL 34652 | Land | 0.27 AC | - |
| 6134 River Road, New Port Richey, FL 34652 | Land | 0.22 AC | - |
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Contacts
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Margery Johnson -
Jordan Wean -
Kenneth Krasnow -
Andrew Slowik -
Cushman & Wakefield of Florida, Inc.
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